FANews
FANews
RELATED CATEGORIES

Appointment of new acting Ombud for Financial Services Providers (FAIS Ombud)

19 September 2022 Financial Sector Conduct Authority

The Minister of Finance, Mr. Enoch Godongwana, has appointed Ms. Thobile Prudence Masina as the Acting Ombud for Financial Services Providers (FAIS Ombud). Ms. Masina served as assistant Ombud since October 2017. She replaces Adv Nonku Tshombe, who acted in the position since 1 December 2019.

Her appointment is for a period of three (3) months from 13 September 2022, or until a new Ombud is appointed and assumes duty, whichever occurs earlier. Subject to the appointment processes currently under way, it is anticipated that the new FAIS Ombud will assume office no later than 1 November 2022.

Quick Polls

QUESTION

The New Year is a great time to talk to your clients about important insurance and investment decisions. What is your go-to strategy for re-engaging clients in January?

ANSWER

Discuss necessary portfolio realignments
Remind clients to update policy information
Review and refresh clients’ financial goals
Suggest a household budget review
fanews magazine
FAnews November 2024 Get the latest issue of FAnews

This month's headlines

Understanding treaty reinsurance – and the factors that influence it
Insurance brokers: the PI scapegoat
Medical Schemes' average increases for 2025
AI is revolutionising insurance claims processing and fraud detection
Crypto arbitrage: exploring the opportunities and risks
Subscribe now